Step by step on how to start investing with cryptocurrencies in Colombia

The use of cryptocurrencies in Colombia it is more recurring. Only in the year 2022, according to Mastercard’s New Payments Index, 15% of Colombians made transactions in digital currencies in values ​​ranging from 100 to 2.00 dollars.

Despite this, there is still much ignorance in the country about the use that can be given to cryptocurrencies. There are people who think that it is the same as having money in the air or simply assure that these assets do not serve as a bargaining chip.

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However, reality shows that, currently, several businesses in the country such as restaurants, cafeterias, gyms, hotels and jewelry stores have opted to accept cryptocurrency payments. According to a recent DIan report, in Colombia there are more than 680 businesses that accept cryptocurrencies.

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1. Have a digital wallet that allows you to store and manage these assets. Some of the most used platforms for this purpose are www.cryptomkt.com, Binance and Bitso, among others.

2. Top up your balance. “This can be done in local currency, that is, in Colombian pesos, and then you can buy the chosen cryptocurrency,” said Andrés Gómez, Country Manager of CryptoMarket in Colombia.

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3. Find the right businesses that accept this type of digital currency. You can find them by consulting the Dian website.

4. Carry out the transactionfor which, possibly, the person must scan a QR code or have the address of the recipient’s digital wallet to make the payment effective.

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